Akme Fintrade IPO Details: The initial public offering (IPO) for Aasaan Loans is scheduled to open on June 19, 2024, and will close on June 21, 2024. Akme Fintrade aims to raise approximately ₹132 crores through this IPO, consisting of a fresh issue worth ₹132 crores and an offer for sale of equity shares priced at ₹10 each. The allocation includes a 35% quota for retail investors, 50% for Qualified Institutional Buyers (QIBs), and 15% for High Net-worth Individuals (HNIs).
Akme Fintrade, also known as Aasaan Loans, is a non-banking financial company (NBFC) established in 1996 and registered with the Reserve Bank of India as a non-systemically important, non-deposit-taking company. With over two decades of experience, it specializes in providing lending solutions in rural and semi-urban areas of India, catering to the financial needs and aspirations of these communities.
Aasaan Loans’ portfolio includes vehicle finance and business finance products tailored for small business owners. The company has a long-standing presence in high-growth rural and semi-urban markets, demonstrating consistent financial performance and operational efficiency through high customer acquisition and retention rates and cost-effective expansion into underserved regions.
Akme Fintrade operates in the rural and semi-urban areas of four Indian states: Rajasthan, Maharashtra, Madhya Pradesh, and Gujarat. Its registered office is located in Udaipur, Rajasthan, with a corporate office in Mumbai, Maharashtra. The company operates 12 branches and over 25 points of presence, including both digital and physical branches, having served over 200,000 customers to date.
The company’s digital lending platform, www.aasaanloans.com, is set to go live soon. Currently, it is in the User Acceptance Testing (UAT) phase with a select group of users, focusing initially on two-wheeler financing. Future phases will introduce products for loans against property, commercial vehicle financing, and secured business loans.
Akme Fintrade IPO Objectives:
- Re-payment or pre-payment, in full or in part, of certain borrowings availed by the Company.
- Infusion of funds in certain of our Subsidiaries, namely Signatureglobal Homes, Signature Infrabuild, Signatureglobal Developers, and Sternal Buildcon for re-payment or pre-payment, in full or in part, of certain borrowings availed by the Subsidiaries.
- Inorganic growth through land acquisitions and general corporate purposes.
Akme Fintrade IPO Review (Apply or Not)
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Akme Fintrade IPO Date & Price Band Details:
| IPO Open: | June 19, 2024 |
| IPO Close: | June 21, 2024 |
| IPO Size: | Approx ₹132 Crores |
| Fresh Issue: | Approx ₹132 Crores |
| Face Value: | ₹10 Per Equity Share |
| IPO Price Band: | ₹114 to ₹120 Per Share |
| IPO Listing on: | BSE & NSE |
| Retail Quota: | 35% |
| QIB Quota: | 50% |
| NII Quota: | 15% |
| Discount: | N/A |
| DRHP Draft Prospectus: | Click Here |
| RHP Draft Prospectus: | Click Here |
| Anchor Investors List: | Click Here |
Akme Fintrade IPO Lot Size:
The Akme Fintrade IPO offers a minimum market lot of 125 shares, requiring an application amount of ₹15,000. Retail investors have the opportunity to apply for up to 13 lots, equivalent to 1,625 shares or ₹195,000 in total.
| Application | Lot Size | Shares | Amount |
| Retail Minimum | 1 | 125 | ₹15,000 |
| Retail Maximum | 13 | 1,625 | ₹195,000 |
| S-HNI Minimum | 14 | 1,750 | ₹210,000 |
| B-HNI Minimum | 68 | 8,375 | ₹1,005,000 |
Akme Fintrade IPO Timeline:
The Akme Fintrade IPO is scheduled to open on June 19 and will close on June 21. Allotment of the IPO shares will be finalized on June 24, with the IPO expected to be listed on June 26.
| IPO Open Date: | June 19, 2024 |
| IPO Close Date: | June 21, 2024 |
| Basis of Allotment: | June 24, 2024 |
| Refunds: | June 25, 2024 |
| Credit to Demat Account: | June 25, 2024 |
| IPO Listing Date: | June 26, 2024 |
Akme Fintrade IPO GMP Today:
Based on the last observed Grey Market Premium (GMP) of ₹30 for Aasaan Loans IPO, and considering the price band of ₹120.00, the estimated listing price for Aasaan Loans IPO is ₹150. This is derived by adding the cap price (upper limit of the price band) to today’s GMP.
Therefore, the expected listing price suggests a potential gain of 25.00% per share.
This indicates an anticipated increase of 25.00% over the IPO issue price per share upon listing.
Akme Fintrade Company Financial Report
| ₹ in Crores | |||
| Year | Revenue | Expense | PAT |
| 2021 | ₹86.79 | ₹67.59 | ₹16.31 |
| 2022 | ₹67.50 | ₹59.91 | ₹4.12 |
| 2023 | ₹69.57 | ₹49.52 | ₹15.80 |
| Dec 2023 | ₹53.45 | ₹38.29 | ₹12.25 |
Akme Fintrade IPO Valuation – FY2023
Check Akme Fintrade IPO valuations detail like Earning Per Share (EPS), Price/Earning P/E Ratio, Return on Net Worth (RoNW), and Net Asset Value (NAV) details.
| Earning Per Share (EPS): | ₹5.85 per Equity Share |
| Price/Earning P/E Ratio: | N/A |
| Return on Net Worth (RoNW): | 9.25% |
| Net Asset Value (NAV): | ₹64.65 per Equity Share |
Peer Group
- NA
Company Promoters
- NIRMAL KUMAR JAIN
- MANJU DEVI JAIN
- DIPESH JAIN
- NIRMAL KUMAR JAIN HUF
Akme Fintrade IPO Registrar
Bigshare Services Pvt Ltd
Phone: +91-22-6263 8200
Email: ipo@bigshareonline.com
Website: https://bigshareonline.com/
Akme Fintrade IPO Allotment Status Check
Check Akme Fintrade IPO allotment status on Bigshare website allotment URL. Click Here
Akme Fintrade IPO Lead Managers aka Merchant Bankers
- Gretex Corporate Services Limited
Company Address
Akme Fintrade India Ltd
AKME Business Centre (ABC),
4-5 Subcity Centre, Savina Circle opp
Krishi Upaz Mandi Udaipur,- 313002
Phone: +91- 294-2489501
Email: cs@aasaanloans.com
Website: https://aasaanloans.com/
Akme Fintrade IPO FAQs
- What is the IPO date for Akme Fintrade?
- The Akme Fintrade IPO is scheduled to open on June 19, 2024, and close on June 21, 2024.
- What is the price band for Akme Fintrade IPO?
- The price band for Akme Fintrade IPO is ₹X to ₹Y per share.
- What is the minimum lot size for Akme Fintrade IPO?
- The minimum market lot size for Akme Fintrade IPO is 125 shares.
- What is the minimum application amount for retail investors?
- The minimum application amount for retail investors is ₹15,000.
- What is the maximum number of lots retail investors can apply for?
- Retail investors can apply for up to 13 lots, which equals 1,625 shares or ₹195,000 in application amount.
- How is the IPO allotment done?
- The allotment of shares in the IPO will be finalized on June 24, 2024.
- When will Akme Fintrade IPO be listed on the stock exchange?
- Akme Fintrade IPO is expected to be listed on June 26, 2024.
- What are the investor categories and their allocation in the IPO?
- The IPO allocation is divided as follows: Retail Investors – 35%, Qualified Institutional Buyers (QIBs) – 50%, and High Net-worth Individuals (HNIs) – 15%.
- Where can I find more information about Akme Fintrade IPO?
- Detailed information about Akme Fintrade IPO, including the prospectus, price band, financials, and application process, can be found on the official website of the stock exchanges and the company’s designated registrar for the IPO.
- What are the key details about Akme Fintrade as a company?
- Akme Fintrade, also known as Aasaan Loans, is a non-banking finance company (NBFC) established in 1996, specializing in lending solutions for rural and semi-urban areas in India. It operates primarily in Rajasthan, Maharashtra, Madhya Pradesh, and Gujarat, with a focus on vehicle finance and business finance products for small business owners.
